Genting Singapore leads STI’s 0.3% decline on Wednesday
The Straits Times
The iEdge Singapore Next 50 Index closes flat at 1,526.59. Read more at straitstimes.com.
SINGAPORE - Singapore stocks ended lower on Feb 25, compared with regional gains which tracked advances in the US market on artificial intelligence optimism.
The benchmark Straits Times Index (STI) lost 0.3 per cent, or 13.06 points, to finish at 5,007.73.
Meanwhile, the iEdge Singapore Next 50 Index remained mostly unchanged at 1,526.59.
Across the broader market, gainers trailed losers 286 to 310, after 1.7 billion securities worth $2.3 billion changed hands.
The biggest decliner among the STI constituents was Genting Singapore, which fell 8.2 per cent to 72.5 cents. The company on Feb 24 posted a 30 per cent decline in second-half net profit.
The local banks all ended lower. DBS lost 0.3 per cent to finish at $57.69, OCBC slipped 0.1 per cent to $21.40, and UOB was down 0.6 per cent at $36.98.
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